Tag Archives: Utilities

Allow Customers to Buy Gasoline as Units at Current Price on Loyalty Debit Card

Electric and Gasoline Renaissance Overdue

A legitimate reason IS NEEDED why in this day and age of commodities trading, storage, pipelines, trains, tankers, and trucks, why if I can buy stocks at current market value, or go on Ebay and buy 50 yards of antique bobbed wire at an auction, why can’t I go to a gas station and buy 50 UNITS of gas at the current price of gas that day?  Upon return to the same brand gas stationI should be able to use my same loyalty debit card, and subtracts units of gas from the card, instead of the current price of gas that day. 

Similar logic can be applied to Electric, and EVs but with a twist, incorporating the use of your home “energy provider”, and when charging  ‘on the go’, only pay local “line usage/distribution” fees.

EV Charging Stations
EV Charging Stations

Electric and Gas – Problems Persist at Home

Same problems at home?  Electric and Gas prices fluctuate as well as your use within your home.  My electric provider, Jersey Central Power & Light  (JCP&E) recognize energy price fluctuations, as well as my usage.  In order to negate unpredictable pricing on a month to month basis, they provide the option of a ‘budget’ price, whereby every month I pay the same price even if the price for energy and usage fluctuate.   The company adjusts the budget price on an annual basis, or sooner if their is a major shift in prices or usage.   New Jersey Natural Gas also provide the same ‘budget’ option.  Why did I go through this lengthy explanation?   Home or away, If I need to recharge my Chevy Volt I should be able to chargeback the price of the electricity to my home electric provider at my monthly ‘budget’ price or subtract from the surplus of solar panel output net the line usage/distribution usage fees at the local electric distribution outlet.

Solar Panels on Roof
Solar Panels on Roof

Solar too?

If you own the solar panels on your roof, chances are you may pay Zero (0) per month for electric.  In fact, you may have a surplus which can be sold back to the grid, I’m guessing at the current market prices as well?  Would you agree to sell your excess solar energy back to the grid at a specific strike price, on any given day, and remain at that sale price the rest of the … year?